Core Viewpoint - The price of gold has dropped to its lowest point since June, leading to decreased sales for merchants in the Shenzhen Shui Bei gold trading market, as consumers prefer to buy when prices are rising rather than falling [1] Group 1: Market Trends - Gold prices have been continuously declining, reaching a new low since June [1] - Merchants report a significant drop in sales, with recent sales figures down by approximately 30% compared to when gold prices were rising [1] Group 2: Merchant Strategies - Some merchants have attempted to promote sales by reducing processing fees, but the impact of this strategy has been minimal [1]

Group 1 - The article provides an overview of the market trends in the Shanghai Gold Exchange as of June 30, 2025, highlighting significant price movements and trading volumes [1] Group 2 - The report indicates that gold prices have shown a notable increase, reflecting a rise in demand and market speculation [1] - Trading volumes on the Shanghai Gold Exchange have surged, suggesting heightened investor interest and activity in the gold market [1]

Group 1 - The economic data for May in the U.S. shows a stark contrast between consumer spending and inflation, leading to unexpected market reactions. Consumer spending unexpectedly declined by 0.1%, contrary to the anticipated increase of 0.1%, indicating a significant cooling in the consumption market [1] - In contrast, the core PCE year-on-year rate surged to 2.7%, the highest since February 2025, with a month-on-month increase of 0.2%, far exceeding market expectations of stagnation. This combination of weak consumer data and high inflation places the Federal Reserve in a difficult position [1] Group 2 - Traders are predicting that the Federal Reserve may be forced to cut interest rates three times in 2025 to balance the economy. Following this, the gold market experienced a brief rebound after an initial drop, but this was seen as a temporary phenomenon due to short covering [3] - Technically, the gold market shows a bearish arrangement in the 1-hour moving average, indicating that bearish forces are dominant. Gold is currently facing resistance around the key level of 3295, which has become a short-term dividing line for bulls and bears [3]

Market Overview - International gold prices experienced a significant decline on June 27, with an opening price of $3324.88 per ounce, a high of $3336.42, a low of $3256.00, and a closing price of $3274.59 [1] Economic Indicators - The U.S. core PCE price index for May recorded a year-on-year increase of 2.7%, surpassing market expectations of 2.6% and up from a previous value of 2.5% [2] - The month-on-month core PCE price index for May was reported at 0.2%, also above the expected 0.1% and the previous value of 0.1% [2] - Consumer spending unexpectedly declined by 0.1% in May, contrary to market expectations of a 0.1% increase, indicating a slowdown in consumer activity [2] - The quarterly growth in consumer spending was only 0.5%, marking the lowest increase since Q2 2020 [2] - Consumer expectations for price increases over the next year have decreased to 5%, down from 6.6% in May, which was the largest monthly increase since 2001 [2] Trade Relations - President Trump stated that there is no need to extend the July 9 trade deadline, emphasizing that countries must reach agreements with the U.S. before this date to avoid higher tariffs [3] - The U.S. Treasury Secretary mentioned that negotiations with several countries are ongoing, and agreements with 10 to 12 of the 18 key trade partners could potentially be finalized by Labor Day (September 1) [3] Geopolitical Developments - President Trump indicated that a ceasefire in Gaza may be "close" to being achieved within a week, and he is open to lifting sanctions on Iran if they agree to peace [5] - The U.S. Senate rejected a proposal to limit Trump's military action against Iran [5] - Ukraine reported the largest airstrike by Russia since the conflict began, with 537 aerial weapons launched, of which 249 were intercepted by Ukrainian forces [6] Technical Analysis - Gold prices showed a strong bearish trend, with significant downward movement observed, particularly during the trading session on June 27 [8] - The daily chart indicates a strong bearish candlestick formation, suggesting a potential downward trend continuation [8] - Short-term indicators show oversold conditions, indicating a possible need for price correction [9] Trading Strategy - Suggested trading ranges include aggressive long positions at $3249 with a target above $3263 and aggressive short positions at $3283 with a target below $3265 [10] - A cautious approach is recommended, maintaining a focus on potential fluctuations in gold prices due to upcoming economic data releases [10]

Group 1 - The establishment of the designated warehouse for the international board by the Shanghai Gold Exchange in Hong Kong marks a significant step in the internationalization of China's gold market [1][3] - The designated warehouse is operated by Bank of China (Hong Kong) and is the first offshore designated warehouse for the international board, providing both trading and custody services [3] - Two gold trading contracts have been launched for delivery at the Hong Kong designated warehouse, with specific standards for weight and purity, and both contracts are priced in Renminbi [3] Group 2 - The move to set up the designated warehouse in Hong Kong enhances China's influence in the international gold market and provides a closed-loop exchange channel for "Renminbi-gold," strengthening the credibility of Renminbi as a reserve currency [4] - The realization of offshore Renminbi gold physical delivery is expected to increase investor preference for Renminbi-denominated gold, deepening the binding relationship between gold and Renminbi [4] - The expansion of Renminbi usage in international commodity pricing and settlement is facilitated by the large offshore Renminbi liquidity pool in Hong Kong, lowering barriers for foreign capital participation [4]

Core Viewpoint - The establishment of an international designated warehouse by the Shanghai Gold Exchange in Hong Kong is a significant step towards enhancing the internationalization of the Renminbi and strengthening Hong Kong's status as a global financial center [1][2][3] Group 1: Internationalization of Renminbi - The new warehouse allows for offshore Renminbi gold physical delivery, which is expected to increase investor preference for Renminbi-denominated gold [1] - The initiative is part of a broader action plan aimed at enhancing the global resource allocation capabilities of important financial platforms [1][2] - The measures taken by the Shanghai Gold Exchange are anticipated to expand the use of Renminbi in international markets, thereby increasing demand and holdings of the currency [3] Group 2: Strengthening Financial Cooperation - The designated warehouse is expected to attract more international investors to participate in Renminbi-denominated gold trading, enhancing cooperation between Shanghai and Hong Kong [2][3] - This collaboration is set to enrich the financial cooperation between the two cities, promoting innovation in financial products and regulatory coordination [3] - The partnership aims to provide diversified asset allocation solutions for investors, catering to various risk preferences and investment needs [3] Group 3: Impact on Global Gold Market - The establishment of the warehouse is seen as a move to enhance China's influence and voice in the international gold market [2] - The Hong Kong government is actively promoting the development of an international gold trading center, which aligns with the goals of the Shanghai Gold Exchange [2] - The collaboration between Shanghai and Hong Kong in the gold market is expected to improve the international competitiveness of both financial markets [3]

Core Insights - The article provides an overview of the market trends in the Shanghai Gold Exchange as of June 27, 2025, highlighting significant price movements and trading volumes in the gold market [1] Market Trends - The gold prices experienced fluctuations, indicating a volatile market environment [1] - Trading volumes on the Shanghai Gold Exchange showed notable activity, reflecting investor sentiment and market dynamics [1]

2025-06-27 15:22:28 作者：狼叫兽 荣昇金业以其独特的 "阶梯式杠杆" 风控体系著称，这一体系能够根据市场情况和投资者的风险承受能力，合 理调整杠杆比例，有效降低投资风险。平台最低支持 0.01 手交易门槛，对小额投资者十分友好，月均新增个人 投资者超 1.2 万人，吸引了众多投资者的加入。 2025 年，全球金融市场风云变幻，黄金投资却热度不减，成为众多投资者资产配置中的重要选择。黄金，作为 一种兼具商品属性与金融属性的特殊资产，其价值在经济波动、地缘政治冲突以及货币政策调整等复杂因素的 交织影响下，愈发凸显。 在这股黄金投资热潮中，选择一个优质的现货黄金交易平台至关重要。它不仅关系到投资者交易能否顺利进 行，更直接影响投资的收益与风险。一个合规、稳定且服务优质的交易平台，能够为投资者提供准确的市场行 情、合理的交易成本、安全的资金保障以及专业的投资分析与指导 ，让投资者在黄金投资的道路上如虎添翼。 因此，在投身黄金投资之前，深入了解并谨慎选择现货黄金交易平台，是每一位投资者迈向成功投资的关键一 步。 1、金荣中国 金荣中国（jrjr.com/?347）自 2010 年起在香港立足，作为香 ...

Core Viewpoint - The Shanghai Gold Exchange is enhancing its international market openness by launching new gold contracts and waiving storage fees for international members and clients until the end of 2025 [1] Group 1: Market Expansion - The Shanghai Gold Exchange announced the listing of iPAu99.99HK and iPAu99.5HK contracts on June 26 [1] - The exchange aims to enrich its product system and optimize delivery services [1] Group 2: Fee Waivers - From now until December 2025, the exchange will waive storage, entry, and exit fees for international members and clients using the designated warehouse in Hong Kong [1] - This initiative is part of the exchange's strategy to attract more international participation [1]

Group 1: Market Overview - The global gold market is experiencing significant volatility driven by geopolitical risks and monetary policy dynamics, with New York gold futures at $3379.9 per ounce and London spot gold at $3366.63 per ounce as of June 24, 2025, reflecting a slight decline of 0.17% [1] - Global gold investment demand surged by 170% year-on-year in Q1 2025, with gold ETF net inflows reaching a record high of 226.5 tons, while central banks continued to increase their gold holdings for the 16th consecutive year [1] Group 2: Industry Challenges - High trading costs are prevalent, with traditional platforms employing complex fee structures that can increase spreads by 1.5 times during volatile periods, eroding profits [3] - Liquidity issues are evident, with lengthy withdrawal processes averaging 2-3 days and slippage rates exceeding 1% on some platforms, causing missed opportunities during extreme market conditions [3] - Insufficient data transparency poses risks, including false quotes and untraceable trading records, leading to significant investor losses due to fraudulent platforms [3] Group 3: Company Solutions - Kingstone Precious Metals leverages a century-old regulatory framework and technological innovation to create a "safe, efficient, and transparent" trading ecosystem, addressing industry pain points [4] - The company adheres strictly to regulatory requirements, ensuring transaction traceability and operational transparency, with client funds held in licensed banks and rapid withdrawal processing [4] - Technological enhancements include integration with MT4 and MT5 platforms for rapid order execution, a unique "spread compensation plan" that reduces spreads to as low as $0.15 per ounce, and a zero-commission policy that can save high-frequency traders 30% on costs [5][6] Group 4: Service Offerings - Kingstone Precious Metals provides differentiated services for various investor levels, including simulated accounts for beginners, quick order placement and alerts for short-term traders, and a stable trading environment for long-term investors [7] - The platform's dynamic margin system helps users lock in arbitrage opportunities during market fluctuations, enhancing the trading experience [7] - The company's low fee structure and flexible contract designs make it an ideal choice for long-term asset allocation, capitalizing on trends such as central bank gold purchases and "de-dollarization" [7] Group 5: Conclusion - The current gold market is at a critical juncture, characterized by short-term pressures and long-term potential, influenced by geopolitical uncertainties and Federal Reserve policy [8] - Kingstone Precious Metals transforms industry challenges into functional solutions, providing a reliable channel for investors to navigate market volatility and achieve asset appreciation [8]